After witnessing uptrend in prices, Spot Iron ore prices in China have fallen slightly by 0.2% today. Fe 62% fines are at USD 60/MT, CFR China. Spot Iron ore market in China remained stable today, with marginal fall of USD 0.1/MT.
Rio Tinto, one of the world’s largest miner has recently announced that it will continue with its Iron ore expansion plans at Pilbara region as a part of its long-term growth strategy.
On the other hand miners like BHP Billiton & Vale have announced that they are planning to slow down their Iron ore expansion plans.
Global Iron Ore Prices
|
Particular |
Material Type |
Prices in USD/MT |
| Fe 62, Australia | Fines | 61 |
| Fe 62, Australia | PB Lump | 70 |
| Fe 65, Brazil | Fines | 65 |
| Fe 65, Brazil | Lump | 71 |
| Fe 64/63, South Africa | Lump | 75 |
| Fe 64.5, South Africa | Concentrate | 69 |
| Fe 65/64.5, South Africa | Fines | 68 |
| Fe 63/62, India | Fines | 60 |
| Fe 61/60, India | Fines | 54 |
| Fe 59/58, India | Fines | 50 |
CNF China prices
Source: SteelMint Research
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